submitted 1 year ago* (last edited 1 year ago) by root@lemmy.world to c/personalfinance@lemmy.ml

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I have been contributing to a HSA the last couple years, and it's been fine. My work contributes $1800 over the year and it hasn't really been a problem at all.

Now I have a kid and a spouse on my insurance, and they tend to go fairly often it seems. The copay and deductible on the HDHP is a bit crazy and I'm thinking of swapping to a PPO. Is that a good idea, or is turning down the free $1800 from my work a no no?

Here is a link to the plans

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[-] root@lemmy.world 1 points 1 year ago

Edited the OP with a overview of the plans. Thank you for the reply!

[-] CmdrShepard@lemmy.one 2 points 1 year ago

Your image doesn't include the cost of the premiums. My work offers similar types of plans except the HDHP is 'free' while the PPO has premiums totalling $5-6k per year. For us, it makes zero sense to use the PPO since it's guaranteed to cost at least $5-6k whether we see a doctor or not. With the HDHP, the theoretical minimum cost for the year is $0 if we never go to the doctor but realistically we usually get close or hit our family deductible but it's still cheaper than the PPO.

[-] root@lemmy.world 1 points 1 year ago

Ah, sorry about that. The plans vary from ~150-300 per paycheck. I'll have to check the details a bit more.

this post was submitted on 31 Oct 2023

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